NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 24.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 752,441 shares of the company's stock after acquiring an additional 148,870 shares during the quarter. Nuveen Asset Management LLC owned about 1.23% of NorthWestern Energy Group worth $40,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NorthWestern Energy Group by 6.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 301,769 shares of the company's stock worth $16,133,000 after purchasing an additional 17,918 shares during the period. Deutsche Bank AG increased its stake in NorthWestern Energy Group by 22.8% in the 4th quarter. Deutsche Bank AG now owns 78,814 shares of the company's stock valued at $4,213,000 after buying an additional 14,613 shares during the period. DC Investments Management LLC increased its stake in NorthWestern Energy Group by 46.1% in the 4th quarter. DC Investments Management LLC now owns 44,816 shares of the company's stock valued at $2,396,000 after buying an additional 14,146 shares during the period. EP Wealth Advisors LLC purchased a new position in NorthWestern Energy Group during the 4th quarter worth $203,000. Finally, Cetera Investment Advisers raised its position in NorthWestern Energy Group by 15.0% during the 4th quarter. Cetera Investment Advisers now owns 26,568 shares of the company's stock worth $1,420,000 after buying an additional 3,467 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of the transaction, the director now directly owns 11,021 shares of the company's stock, valued at $598,660.72. This trade represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.94% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NWE shares. BMO Capital Markets began coverage on shares of NorthWestern Energy Group in a report on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Barclays boosted their target price on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.21.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE traded up $0.29 during midday trading on Monday, hitting $54.98. The company had a trading volume of 237,416 shares, compared to its average volume of 395,390. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a twelve month low of $48.52 and a twelve month high of $59.89. The business has a 50-day simple moving average of $56.79 and a two-hundred day simple moving average of $54.95. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. Equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.80%. The ex-dividend date is Friday, June 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is 68.75%.

NorthWestern Energy Group Profile

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.